Wetouch Technology Inc (NASDAQ:WETH) does about 105.05K shares in volume on a normal day but saw 6112276 shares change hands in the recent trading day. The company now has a market cap of 30.66M USD. Its current market price is $2.57, marking an increase of 40.44% compared to the previous close of $1.83. The 52 week high reached by this stock is $14.00 whilst the lowest price level in 52 weeks is $1.13.
Wetouch Technology Inc (WETH) has a 20-day trading average at $1.8500 and the current price is -81.64% off the 52-week high compared with 127.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7400 and its 200-day simple moving average is $3.8900. If we look at the stock’s price movements over the week, volatility stands at 22.80%, which decreases to 12.17% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.93 to suggest the stock is neutral.
The current price level is 42.62%, 49.15%, and -35.29% away from its SMA20, SMA50, and SMA200 respectively, with the WETH price moving below the 50-day SMA on current market day. Wetouch Technology Inc (WETH) stock is up 26.60% over the week and 51.18% over the past month. Its price is -49.61% year-to-date and -32.37% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
The company has a return on investment of 3.31% and return on equity of 3.50%. The price to earnings ratio (P/E ratio) amounts to 7.40. The beta has a value of -0.08. Price to book ratio is 0.25 and price to sales ratio is 0.75.
